r/EconomicHistory • • Jul 04 '26

Working Paper Between 1880 and 1920, more than 20 million immigrants settled in the United States. These immigrants raised US income per capita by 8.2% by 1940. Had there not been the restrictions of the 1920s, income per capital would have been 1.7% higher by 2000. (C. Arkolakis, S. Lee, M. Peters, June 2026)

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45 Upvotes

r/EconomicHistory • • Mar 22 '25

Working Paper The U.S. attempted to finance both the Great Society and the Vietnam War without taxing the rich. As a consequence, working class white men were asked to pay for a welfare state that disproportionately benefited non-white and female Americans, sowing the seeds of tax revolt. (J. Francis, March 2025)

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333 Upvotes

r/EconomicHistory • • Jun 13 '25

Working Paper A US campaign to expel around 400,000 Mexican migrant workers between 1929 and 1934 led to a decline in the employment rate and wages of native-born workers. Places with more deportations suffered greater economic harm during this period than peers. (J. Lee, G. Peri, V. Yasenov, October 2019)

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231 Upvotes

r/EconomicHistory • • Nov 02 '22

Working Paper Black families who were enslaved until the Civil War continue to have considerably lower education, income, and wealth today than Black families who were free before the Civil War. (L. Althoff, H. Reichardt, October 2022)

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202 Upvotes

r/EconomicHistory • • 13d ago

Working Paper Two paradigmatic cases of industrial policy - the Cassa per il Mezzogiorno in Italy (1950–1984) and Kennedy's Moonshot in the United States (1961–1972) - originated in a broader political project rather than in an economic diagnosis. (L. Field, R. Juhász, M. Zampa, September 2026)

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5 Upvotes

r/EconomicHistory • • 18d ago

Working Paper East Germany's espionage activities in the West boosted the country's economic output by 7.4%. Value added in manufacturing alone increased by 22.3% through industrial espionage, equivalent to 20.2 billion East German marks or approximately 4.1 billion euros at 2020 prices.

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35 Upvotes

r/EconomicHistory • • 3d ago

Working Paper Homeownership and housing wealth in the city-state of Basel remained persistent between 1500 and 1800. The decline in wealth mobility may be attributed to direct inheritance, assortative mating, and political officeholding. (J. Geweke, N. Armandola, P. Goetz, September 2026)

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25 Upvotes

r/EconomicHistory • • 9d ago

Working Paper Excitement about technological progress contributed to an over accumulation of investment despite a slowdown in new product development and satiated demand during the 1920s. This played a role in triggering the Great Depression. (H. Cole, S. Cravero, J. Greenwood, September 2026)

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27 Upvotes

r/EconomicHistory • • Jul 25 '26

Working Paper Between 1945 and 1970, the U.S. Department of Defense was one of the country's largest funders of university research. When research funding declined by nearly two-thirds by the mid-1970s, science-linked innovation fell (D. Gross, B. Sampat, H. Zhang, July 2026)

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54 Upvotes

r/EconomicHistory • • Sep 03 '26

Working Paper Latin American Inequality: Colonial Origins, Commodity Booms, or a Missed 20th Century Leveling? Latin America inequality only became relatively high between 1913 and the 1970s when it missed the Great Egalitarian Leveling which took place almost everywhere else. Jeffrey Williamson, 2026

10 Upvotes

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2558967

Harvard professor Jeffrey G. Williamson passed away on August 29, 2026, at the age of 90. He served as the Laird Bell Professor of Economics (Emeritus) at Harvard University and was an honorary fellow at the University of Wisconsin–Madison. Specialized in the economic history of the international economy, he studied global migration and historical inequality.

r/EconomicHistory • • 20d ago

Working Paper History shows scalable private money relies on credible convertibility, transparent backing, uniform regulation, clearing infrastructure, and credible crisis management. Stablecoins may improve settlement speed, but they do not remove these requirements. (M. Bordo, C. Wilkins, September 2026)

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4 Upvotes

r/EconomicHistory • • Sep 17 '26

Working Paper Those children in the USA who were born after their mothers had access to the birth control pill tended to be healthier, with the gains reducing racial gaps in health (H Noghanibehambari, D Slusky, E Tekin and H Vu, September 2026)

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17 Upvotes

r/EconomicHistory • • 22d ago

Working Paper In the Gilded Age, the life insurance industry in the USA was heavily concentrated in the Northeast. By 1940, the industry had expanded across the entire country (P Janas, September 2026)

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3 Upvotes

r/EconomicHistory • • Aug 22 '26

Working Paper 19th-century censuses show that Members of U.S. Congress held roughly three times the wealth of demographically matched controls. Reforms such as secret ballot and direct primaries produced no shifts in elite political selection. (J. Feigenbaum, A. Hall, D. Thompson, J. Yoder, August 2026)

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30 Upvotes

r/EconomicHistory • • Jul 18 '25

Working Paper In the 1920s, the United States substantially reduced immigrant entry by imposing countryspecific quotas. Despite the loss of immigrant labor supply, the earnings of existing US-born workers declined after the border closure. (R. Abramitzky, et al., December 2019)

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91 Upvotes

r/EconomicHistory • • Sep 08 '26

Working Paper As railways expanded across Bulgaria during 1880-1910, agricultural productivity rose particularly in remote areas (I Dichovski and S Nikolić, September 2026)

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16 Upvotes

r/EconomicHistory • • Aug 25 '26

Working Paper During the 20th century, the expansion of co-ed university education in the USA enabled numerous additional marriages among the college educated (R Abramitzky, S Pérez and J Price, August 2026)

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23 Upvotes

r/EconomicHistory • • Aug 17 '26

Working Paper During China's Qing dynasty, strong performance in imperial examinations increased the likelihood of attaining high office, but advancement also depended on individuals’ ties to powerful examiners. (Y. Bai, R. Jia, July 2026)

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11 Upvotes

r/EconomicHistory • • Sep 15 '26

Working Paper In the 19th century, the government of Spain allowed landowners to register their properties and formalize control if they paid the requisite fees. This created a new gap in access to secure property rights (J Carmona and J Rosés, September 2026)

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4 Upvotes

r/EconomicHistory • • Sep 10 '26

Working Paper The path of China’s Grand Canal changed after the Mongol-origin Yuan dynasty shifted the capital to Beijing, reducing economic efficiency to better serve political needs (Y Bai, X Bian and R Jia, September 2026)

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7 Upvotes

r/EconomicHistory • • Sep 03 '26

Working Paper Public health legislation was enacted at the state level across the USA during the early 20th century, but with more effectiveness in reducing mortality from waterborne and especially airborne diseases (M Saavedra, August 2026)

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17 Upvotes

r/EconomicHistory • • Sep 04 '26

Working Paper A credible hard peg of a currency ensures nominal stability and boosts financial intermediation. But hard pegs per se do not induce fiscal or monetary discipline. Argentina's currency-growth-debt trap in the late 1990s is instructive. (A. de la Torre, et al., 2003)

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12 Upvotes

r/EconomicHistory • • Sep 02 '26

Working Paper Examining historical data, countries can have 2 of 3 choices: a large financial sector; fiscal bailouts devoted to financial crises; and discretionary fiscal policy aimed at raising demand during the recessions induced by financial crises. (M. Bordo, C. Meissner, March 2016)

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6 Upvotes

r/EconomicHistory • • Aug 30 '26

Working Paper Between 1889 and 1929, farmers in Kansas who showed signs of being more risk averse were more likely to adopt tractors and farm mechanization more slowly. (R. Levin, D. Vidart, August 2026)

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5 Upvotes

r/EconomicHistory • • Jun 22 '26

Working Paper Although the GI Bill was formally race-blind, local officials and segregated institutions implemented it. The program doubled white veterans' college completion while it often steered Black veterans into fraudulent vocational programs with no earnings returns. (L. Althoff, C. Szerman, June 2026)

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90 Upvotes